Prepare a schedule showing the distribution of net income, assuming net income is $$27,000.($If an amount reduces the account

balance then enter with a negative sign preceding the number or parenthesis, e$.$g$.-15,000,(15,000).)$

$($b$)$

Journalize the allocation of net income in each of the situations above. $($Credit account titles are automatically indented when

amount is entered. Do not indent manually. Record entries in the order presented in the previous part.$)$

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